Property prices are going through the roof in New Plymouth and the rest of Taranaki. With the demand for homes continuing to outstrip supply, Taranaki has reached a new record median house price. That’s absolutely not normal.”The median is defined as the middle price in a range of property sales ranked from highest to lowest over a set period of time. Over the year, stats show a 9.4 per cent drop in house sales from January 2020. However, they have struggled to break-in given the rate house prices have risen of late.

Source: Stuff February 16, 2021 16:07 UTC